Money in the bank could could be used for R&D as you said. Also means they have a good cash position for potential acquisition that aligns with the business.
The business may have also been pursued by an institution to perform a cap raise as well. Give them a chance to take up a position in the company. I'm not a holder yet but would be interested to look into who managed the cap raise.
Money in the bank could could be used for R&D as you said. Also...
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Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.241M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 421108 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 76232 | 2 |
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| Last trade - 16.12pm 22/11/2024 (20 minute delay) ? |
| ZNO (ASX) Chart |
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